Gold & Silver

Gold futures jump to Rs 29,660 on firm global cues

PTI New Delhi | Updated on January 15, 2018 Published on January 15, 2018

Gold prices firmed up 0.48 per cent to Rs 29,660 per 10 grams at the futures trade due to speculative buying owing to the metal’s gains in global markets.

At the Multi Commodity Exchange, gold for delivery in far-month April rose Rs 142 or 0.48 per cent, to Rs 29,660 per ten grams in business turnover of 36 lots. The metal for delivery in February was trading higher by Rs 137 or 0.46 per cent at Rs 29,684 per ten grams in 316 lots.

Analysts said a firm trend in precious metals overseas, as the dollar's weakness raised the appeal for precious metals as a safe-haven bet, buoyed the sentiment here. Globally, gold rose 0.31 per cent to $1,341.50 an ounce in Singapore

Published on January 15, 2018
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